Gtc Industries Ltd. vs Union Of India (Uoi)

The Supreme Court directed GTC Industries Ltd. to pay interest as per its earlier order dated 4-3-1998, rejecting the company's objection that it was under the jurisdiction of the BIFR. The Court held that the prior order stands despite the company's BIFR status, emphasizing that the obligation to pay interest remains. The application by the Union of India was allowed, granting the company 12 weeks to comply with the payment order.